Bid in a Timed Auction
Automated Online Bidding with Timed Auction
Timed Auction at Ritchie Bros. offer a convenient and transparent bidding experience. These auctions run without an auctioneer, allowing you to place bids at your own pace within the auction period.
Check our website, the auction brochure or your auction day listing catalog to find out if items are being sold by Timed Auction.
Two Ways to place bids
Manual bids
Manually enter a bid based on the next bidding increment. This allows you to actively participate in the auction and adjust your bids as needed.
Set a maximum bid
Let our system bid on your behalf by entering the maximum amount you're willing to bid.
The system will place the lowest bid required to keep you in the lead.
If someone outbids you, the system will automatically increase your bid up to your maximum.
In the case of a tie, the first bid placed wins.
You can adjust your maximum bid anytime before the lot closes.
Closing time extensions
To promote fair bidding, any bid placed near the closing time will extend the lot’s closing time. This gives all bidders an equal opportunity to respond before the lot is sold.
Group lots
All lots within a group have similar characteristics and share closing times. When time is running out, any new bids placed on a lot within this group will cause additional time to be added to the closing time of all the lots. Grouped lots give bidders the opportunity to bid more strategically with fewer time constraints.
Bidding Increments
Bids follow a structured increment system, ensuring transparency in how bids progress.
Current Bid Range* | Bid Increment* |
|---|---|
0 - 99 | 5 |
100 - 249 | 10 |
250 - 499 | 25 |
500 - 999 | 50 |
1,000 - 2,499 | 100 |
2,500 - 9,999 | 250 |
10,000 - 24,999 | 500 |
25,000 - 149,999 | 1,000 |
150,000 - 299,999 | 2,500 |
300,000 - 999,999 | 5,000 |
1,000,000 & above | 10,000 |
Ready to Bid?
By understanding these rules, you can confidently participate in our Timed Auctions and secure the items you need.
Inspect before you bid
Items are sold "as is, where is." Check photos online or visit the site for in-person inspection. We also offer a detailed inspection report through inspection service.
Fees
A transaction fee applies per lot purchased, with additional charges for extra services.
Bidding & buying terms
All items sell to the highest bidder with no reserves. Bids are final. Owners cannot bid on their own items.